And folks, you know we have a thousand trillion. We have a thousand billionaires in America. You know what their average tax rate? They pay 8.2%. If we just increased our taxes, we proposed the 25% which isn't the highest tax rate even it would raise 500 billion new dollars over 10 years. They'd still be very wealthy. Look, Kamala and Tim are going to make them pay their fair share. They'll protect Social Security and Medicare. Trump wants to cut Social Security, Medicare. (42:08–42:22)
CLAIM
Asserts that increasing taxes to 25% would raise $500 billion over 10 years.
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